Mercer county real estate market update January 25 2011

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The following stats on West Windsor, Lawrence, East Windsor, Ewing, Hopewell, Cranbury, Plainsboro, South Brunswick, Montgomery, Hamilton, Franklin, Princeton Township, Princeton Boro, Robbinsville, Hightstown, Penningtion, and Monroe are provided:

Active Listings
NJ Pending in Last 30 Days
Absorption Rate
New Listings
Net Gain (Loss) to Market
Listings Reduced in 30 Days
% of Inventory Reduced
Expired Listings
Withdrawn Listings
Closed Listings

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Mercer county real estate market update January 25 2011

  1. 1. 1/25/11Towns Active Pending Absorption New Net Gain Listings % of Expired W/draw Closed Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings n Listings 30 Days Months 30 Days Market in 30 Reduced Listings DaysPrinceton Boro:All Styles 30 1 30 5 4 3 10% 4 3 5Pton -BoroCondo/ Thouses 13 1 13 3 2 1 7.7% 1 1 2Pton-BoroSingle Family 17 0 99 2 2 2 11.8% 3 2 3Pton Twp: AllStyles 112 3 37.3 16 13 7 6.3% 6 2 11Pton Twp:Condo/ Thouses 20 2 10 2 0 1 5% 0 1 3Pton Twp:Single Family 92 1 92 14 13 6 6.5% 6 1 8
  2. 2. 1/25/11Towns Active Pending Absorption New Listings Net Gain Li1stings % of Expired W/drawn Closed Listings in Last Rate in in 30 Days (Loss) to Reduced in Invent. Listings Listings Listings 30 Days Months Market 30 Days ReducedWestWindsor: 76 7 10.9 18 11 16 21.1% 8 9 19All StylesWestWindsor 19 3 6.3 6 5 3 15.8% 2 2 4Condo/T.HousesWestWindsor 3 0 99 1 1 -- -- 0 1 055+WestWindsor 54 4 13.5 9 5 13 24.1% 6 6 15SingleFamilyLawrence:All Styles 181 5 36.2 32 27 31 17.1% 12 5 15Lawrence:Condo/ 66 2 33 13 11 11 16.7% 5 2 6THousesLawrence:55+ 11 0 99 1 1 -- -- 2 0 1Lawrence:Single 104 3 34.7 18 15 20 19.2% 5 3 8
  3. 3. 1/25/11Towns Active Pending Absorption New Net Listings % of Expired W/drawn Closed Listings in Last Rate in Listings in Gain Reduced Invent. Listings Listings Listings 30 Days Months 30 Days (Loss) to in 30 Reduced Market DaysPlainsboroAll Styles 87 1 87 24 23 11 13% 17 0 8PlainsboroCondo/ 45 0 99 15 15 6 13% 11 0 1THousesPlainsboro55+ 21 0 99 1 1 2 9% 1 0 2PlainsboroSingle 21 1 21 8 8 3 14% 5 0 5FamilyCranbury:All Styles 20 0 99 1 1 0 0 2 0 1Cranbury:55+ 3 0 99 0 0 0 0 0 0 0Cranbury:Single 17 0 99 1 1 0 0 2 0 1Family
  4. 4. 1/25/11Towns Active Pending Absorption New Listings in Net Gain Listings % of Expire W/drawn Clos Listings in Last Rate in 30 Days (Loss) to Reduced in Invent. d Listings Listi 30 Days Months Market 30 Days Reduced ListingsEwing:All Styles 238 5 47.6 25 20 50 21% 26 7 6Ewing :Condo/ 28 1 38 5 4 8 21.1% 2 0 0T.HousesEwing55+: 8 0 99 0 0 -- -- 0 0 0Ewing:Single 192 4 59.9 20 16 42 21.9% 24 7 6FamilyEastWindsor: 192 3 64 20 17 40 20.9% 22 4 3All StylesEastWindsor: 128 2 64 11 9 31 24.2% 14 3 1Condo/THousesEastWindsor: 13 0 99 1 1 -- -- 5 0 055+EastWindsor: 51 1 51 8 7 9 17.6% 3 1 2SingleFamily
  5. 5. 1/25/11Towns Active Pending Absorptio New Net Gain Listings % of Expired W/drawn Closed Listings in Last n Rate in Listings in (Loss) to Reduced in Invent. Listings Listings Listings 30 Days Months 30 Days Market 30 Days ReducedHopewellTwp. 127 7 19 15 8 20 16% 11 4 7All StylesHopewellTwp. Condo/ 9 3 3 4 1 3 33% 0 0 4T.HousesHopewellTwp.: 9 0 9 2 2 -- -- 0 1 055+Hopewell TwpSingle Family 109 4 27 9 5 17 15.5% 11 3 3Hamilton: AllStyles 565 25 22 100 75 122 21.5% 44 14 46Hamilton:Condo/ THouses 99 6 16.5 18 12 26 26% 9 2 8Hamilton:55+ 35 0 35 6 6 -- -- 1 0 4Hamilton:Single Family 431 19 23 76 57 96 23% 34 12 34
  6. 6. 1/25/11Towns Active Pending Absorption New Net Gain Listings % of Expired W/draw Closed Listings in Last Rate in Listings (Loss) to Reduced Invent. Listings n Listings 30 Days Months in 30 Market in 30 Reduced Listings Days DaysRobbinsvilleAll Styles 134 12 11 26 14 29 22% 10 5 12RobbinsvilleCondo/ 60 6 10 15 9 11 18% 5 2 5T.HousesSingle Family 74 6 12 11 5 18 24% 5 3 7HightstownBoro: All 53 0 99 7 7 10 8 1 0StylesPennington 10 3 3 1 (2) 0 0 2 1 3Hopewell Boro 10 1 10 0 (1) 3 30% 1 2 3
  7. 7. 1/25/11Towns Active Pending Absorption New Net Listings % of Expired W/drawn Closed Listings in Last Rate in Listings in Gain Reduced Invent. Listings Listings Listings 30 Days Months 30 Days (Loss) to in 30 Reduced Market DaysSouthBrunswickAll StylesSouthBrunswickCondo/ T.HousesSouthBrunswick55+SouthBrunswickSingle FamilyMonroe:All StylesMonroe:55+Monroe:Single Family
  8. 8. 1/25/11Towns Active Pending Absorption New Net Gain Listings % of Expired W/draw Closed Listings in Last Rate in Listings in (Loss) to Reduced Invent. Listings n Listings 30 Days Months 30 Days Market in 30 Reduced Listings DaysMontgomeryAll Styles 105 12 8.75 16 +4 16 15% 12 7 15MontgomeryCondo/Twnhms 25 1 25 3 +2 7 28% 2 3 5Single Family 80 11 7.3 13 +2 9 11% 10 4 10HillsboroughAll Styles 248 27 9.2 51 +24 30 12% 33 13 18HillsboroughCondo/Twnhms 81 13 6.2 20 +7 15 18% 13 6 7HillsboroughSingle Family 167 14 12 31 +17 15 9% 20 7 11

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